Japanese Sales Continue To Nosedive In World's Largest Automotive Market

Sales of Toyota and Honda vehicles nosedived in China during September as anti-Japanese sentiment flared over a territorial dispute that threatens to hobble what was a booming business relationship between Japan and its biggest export market.

Toyota Motor Corp. said Tuesday that sales of new vehicles in China dropped 48.9 percent in September from a year earlier to 44,100 vehicles. Honda Motor Co. said September sales plunged 40.5 percent to 33,931 vehicles. China sales for Nissan Motor Co. slid 35.3 percent last month to 76,100 vehicles.

The stunning plunge in sales comes after Japan last month nationalized tiny islands in the East China Sea, called Senkaku in Japan and Diaoyu in China, which had already been controlled by Tokyo but also claimed by Beijing.

From The Detroit News: http://www.detroitnews.com/article/20121009/AUTO0104/210090373#ixzz28oAsXfe3

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